Question 11 of 12 -/12 E View Policies Current Attempt in Progress Bonita Company expects to have a cash balance of $52.200 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $98,600, February $174,000 Payments for direct materials: January $58.000, February $87,000 Direct labor: January $34,800, February $52,200. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,360, February $29,000. These costs include depreciation of $1.740 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $17,400, February $23.200. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $13,920 in cash. Bonita Company has a line of credit at a local bank that enables it to borrow up to $29,000. The company wants to maintain a minimum monthly cash balance of $23,200. Prepare a cash budget for January and February BONITA COMPANY Cash Budget January Februar BONITA COMPANY Cash Budget January Februar $ > Question 11 of 12 -/12 INT $ e Textbook and Media Automate of Sused Shmil Answer Question 11 of 12 -/12 January February $ $ > > c > Question 11 of 12 - / 12 Disbursements Selling and Administrative Expenses Direct Labor Financing Collections from Customers Direct Materials Total Receipts Total Disbursements Repayments Total Available Cash Beginning Cash Balance Borrowings Sale of Marketable Securities Ending Cash Balance Receipts Excess (Deficiency) of Available Cash Over Cash Disbursements Manufacturing Overhead $ $